Homeowner's Insurance for Coastal New England

Ideal Accounts and Target Appetite

We write coastal wind coverage for well-qualified homeowners. Typical characteristics we prefer:

• Responsible owners—insurance score above 750 and a track record of asset stewardship.
• Well-maintained properties that are regularly inspected by the owner or a caretaker.
• Acceptable flood exposure—properties in Flood Zones A or V may be considered when elevation is positive and required documentation is provided.

Example scenarios:

• A year-round homeowner on Cape Cod with full alarm systems, documented elevation certificate, and no prior wind or water losses in the past five years.
• A seasonal owner on Nantucket who uses a professional caretaker, has a written winterization plan, and carries primary flood insurance where required.

Underwriting Requirements

To qualify, submissions must meet these underwriting standards:

• Primary flood insurance is required for properties located in Flood Zones A or V.
• Elevation certificates are mandatory for Flood Zones A or V; risks with negative elevation are not eligible.
• Homes must have central station burglar and fire alarms, plus low-temperature sensors (or a documented winterization plan for vacant homes).
• Any prior wind or water loss must be fully remediated with proof supplied.
• Homes vacant for more than 30 consecutive days require a written winterization plan (pipe drainage and maintained heat) in lieu of low-temperature sensors.
• Water shut-off valve is required for any new business account with a water loss within the last three years.

Coverage Highlights and Advantages

Key program features available to appointed producers:

• Available through AIG Select using ISO Form 3 HO-2000.
• Minimum dwelling coverage limit: $1,500,000.
• Minimum All Other Perils (AOP) deductible: $5,000.
• Hurricane deductible minimum: 2% (options up to 5%).
• Mandatory enrollment in the Hurricane Protection Unit for wind-exposed risks.
• 150% extended replacement cost may be available following an RMS inspection.

Coverage Restrictions and Limits

• Additional Living Expense (ALE) capped at 25% of the dwelling limit.
• Water backup limited to $25,000.
• Code upgrade coverage capped at 25%.
• Fungi/mold coverage limited to $10,000.
• Liability is limited to residence premises unless a total account is written.
• Vacant homes actively on the market are excluded from the program.
• If a home becomes vacant or is listed for sale during the policy term, coverage for fire, lightning, hurricane, or water loss is excluded.
• Dwelling must be maintained at a minimum temperature of 65°F.
• No Fraud or Household SafeGuard enhancements are available (Equipment Breakdown Plus is acceptable).
• Primary and excess flood coverage cannot be placed through this program.

Where This Program Is Available

This program is available to agents and brokers in all 50 states and Washington, DC. While the focus is coastal New England, appointed producers nationwide can access this market for qualifying risks.

Why Work With Maritime Program Group?

Maritime Program Group is a specialty Managing General Agency with deep experience in coastal property exposures. Our underwriters understand the complexities of wind-prone, high-value homes and work to place well-qualified risks with top-tier markets. We provide clear underwriting guidelines and responsive support to help you move eligible accounts efficiently.

If you represent high-net-worth clients who own primary or secondary homes in coastal New England, this program offers tailored coverage and risk-management requirements designed to protect both property and homeowner continuity.

Frequently Asked Questions

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